The Public Company’s accounting Control Board (PCOob) has imposed sanctions on the violation of its regulations during the 2022 audit of Ainos, in accordance with the obligations of the report.
The regulated procedure given as a solved question was announced in the PCAOB statement.
PWR CPA has agreed to a fine of $ 60,000 and adhere to corrective measures before submitting any future pcoob application.
The company did not confess nor denied the findings described in order.
The Supervisory Board has identified several violations for Ainos Ainos Audit for the year ending December 31, 2010.
They included the necessary assessment of the risk assessment, the insufficient assessment of some issues as critical audit issues, and the lack of surveys with the Ainos Audit Committee on fraud risks.
PCOob standards mandate that auditors perform sufficient risk assessments to detect risks of material incorrect statements, regardless of error or fraud to protect investors.
The President of the Audit Council Erika Williams said:
The Supervisory Board noted that PWR’s shortcomings increased the risks of investors.
In addition, PCAOB found that PWR failed to submit nine required APS in time, which reveals special audit participants.
The company also ignored the mandatory form 3 on the appointment of a partner previously banned by the Securities and Exchange Commission (SEC).
The investigation was conducted by members of the PCAOB County Director Davis Taylor, Selia Lowon and Sinan Mansuri, under the control of William Ryan and John Abel.
Robert Rice, director of the PCAOB’s performance and investigation department, said:
“This case is another example of PCAOB HOLD FIRMS, which is accountable for violations of basic pcoob rules and criteria.”
“PCAOB fines for failures and reports of PWR CPA audit and reports, initially a brand of international accounting, published.
The information about this site is included only for good faith only for general information purposes. It is not intended to advise on which you have to rely on, and we do not present a representation, a guarantee or guarantee, whether it is an expression or entering its accuracy or integrity. You must receive professional or specialist advice before taking or refraining any action based on content on our website.